8/10/11

Second quarter of 2011 sparkles for Yoox.com

The international retailer posts a 26.5% web sales increase.

Bill Briggs , Senior Editor

Second quarter and first half sales were up across the board for Yoox.com.

Yoox Group does not break out specific quarterly web sales, but Internet Retailer calculates Q2 web sales were 44.9 million euros ($64.1 million), a 26.5% increase from 35.5 million euros ($50.6 million) in the prior year quarter. Calculations are based on Yoox Group’s Q1 and year-to-date earnings reports.

For the second quarter ended June 30, Yoox reported:

For the first six months of fiscal 2011, Bologna, Italy-based Yoox reported:

E-commerce revenue growth for the first six months of 2011 was attributed to “both the outstanding performance of TheCorner.com, which continues to record better results than forecast, and the sustained growth of Yoox.com,” the company says. “It should be noted that the positive performance of Yoox.com, which in the first quarter benefited from increased product availability compared with the 2010-2011 autumn/winter season, continues in line with expectations in the second quarter of 2011.”

TheCorner.com sells cutting-edge fashions and accessories for men and women.

Yoox also operates third-party e-commerce services through its Mono-brand division. It provides retailers and manufacturers with e-commerce platform management and support, order and content management, merchandising, marketing, and fulfillment services. Yoox also provides some or all such services to DolceGabbana.com, Dsquared2.com, JilSander.com and RobertoCavalli.com.

Yoox Group is No. 67 in the Internet Retailer Top 500 Guide.

Topics:

2011 earnings, 2011 Q2 financials, international retailers, international sales, TheCorner.com, Top 300 Europe, Top 500, Yoox.com

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